MAY 2023 ISSUE

Buffalo & Lockport Offices Holiday Hours for Memorial Day 2023

The Buffalo and Lockport offices of Chicago Title will close at 3:00pm on Friday, May 26th. If you need a closing rundown, please contact:

Erie County: Jessica Palmieri jessica.palmieri@ctt.com

Niagara County: Brian Eberle brian.eberle@ctt.com

Both offices will be closed on Monday, May 29 in observance of the Memorial Day holiday, with normal business hours resuming on Tuesday the 30th.

Have a safe and enjoyable holiday!

CHICAGO TITLE RELEASES FIRST QUARTER FINANCIAL RESULTS

Chicago Title is a member of the Fidelity National Financial family of companies and the nation's largest group of title companies and title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title Insurance of New York - that collectively issue more title insurance policies than any other title company in the United States.



To see the Financial Highlights snapshot for the First Quarter of 2023, click here

An exchange is a powerful tool for those involved in agriculture such as farmers, corporate farm owners, ranchers, institutional investors, and individual investors.

​Properties that qualify for tax deferral include farms, ranches, raw land, and mixed-use property comprised of land with a primary residence. Interests in real property such as oil, gas, mineral rights, and water rights may also be exchanged,

We see taxpayers in the agriculture community utilizing 1031 Exchanges to improve and expand operations, to move into acreage more suitable for productive agricultural use, or to dispose of property/operations and transition into other Like-Kind eligible property such as apartments, industrial, or even passive investments.

IPX1031 is your Agricultural 1031 solution. Click here to learn more and read the Agriculture 1031 post in entirety

Escrow Officer Kim Rafael and Escrow Assistant Liz Manges from Fidelity's Napa, California office, received a For Sale by Owner (FSBO) order on property in Southern California. The order was opened by the buyer via email.

The property was a residential three-bedroom, three-bathroom villa in Pacoima, California. The sale price was $490,000 and the contract called for a one day closing with a Canadian buyer who was supposed to send a $49,000 earnest money deposit.

Kim and Liz pulled a copy of the latest recorded deed and noticed the owner's name did not match the seller's name on the purchase and sale agreement. Kim and Liz reached out to the purported seller and asked why the name on the deed did not match the name on the agreement.

The seller told them in an email response she was using a Power of Attorney to sign on behalf of the record owner. Kim and Liz asked for a copy of the Power of Attorney and inquired why it was being used. The seller's response was that was "a personal question" and to hurry and deposit the earnest money.

Kim and Liz were suspicious.

To continue reading this article, click the link below:

https://fraudinsights.fnf.com/vol18iss05/article2.htm